The Racial Wealth Gap

The Racial Wealth Gap

In this graph, we see black and hispanic wealth represented as a percentage of the white wealth in a given income group.

So for instance, the bar farthest to the left says that black families in the poorest 20 percent of families have a median wealth that is just 19.7 percent of the median wealth of white families in the poorest 20 percent. Black families in the 60th to 79th percentile of income come the closest to their white peers, but even they have median wealth holdings that are just 53.9 percent of whites in that group.

If you average all the income groups together, you find that, when you control for family income, black median wealth is less than 1/3rd of white median wealth.

Read more on PolicyShop, In Reality, Middle-Class Blacks And Middle-Class Whites Have Vastly Different Fortunes